This study shows that past trading volume provides an important link between “momentum”
and “value” strategies. Specifically, we find that firms with high (low) past turnover ratios …

Using a database of more than 1.85 million retail investor transactions over 1991–1996, we
show that these trades are systematically correlated—that is, individuals buy (or sell) stocks …

This study separates trading volume into buyer- and seller-initiated activities and examines
the directional volume reaction in small and large trades to different types of earnings news. ‘…

We model the time‐series relation between price and intrinsic value as a cointegrated
system, so that price and value are long‐term convergent. In this framework, we compare the …

Structural variations of DNA greater than 1 kilobase in size account for most bases that vary
among human genomes, but are still relatively under-ascertained. Here we use tiling …

For a sample of NYSE firms, we show that wide spreads are accompanied by low depths,
and that spreads widen and depths fall in response to bigger volume. Spreads widen and …

Copy number variation (CNV) of DNA sequences is functionally significant but has yet to be
fully ascertained. We have constructed a first-generation CNV map of the human genome …

Transposable elements (TEs) are abundant in the human genome, and some are capable
of generating new insertions through RNA intermediates. In cancer, the disruption of cellular …

Systematic analyses of cancer genomes promise to unveil patterns of genetic alterations
linked to the genesis and spread of human cancers. High-density single-nucleotide …

We document several factors that help explain cross‐sectional variations in the post‐revision
price drift associated with analyst forecast revisions. First, the market does not make a …